New York – U.S. Money Fund Assets Hit Highest Since 2010: iMoneyNet

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    New York – U.S. money market fund assets increased for a fifth straight week to their highest level since early 2010, as investors further raised their cash pile due to recent market volatility, a private report released on Wednesday showed.

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    Assets of money market funds, which are seen as nearly as safe as bank accounts, jumped $35.62 billion to $3.029 trillion in the week ended Jan. 8. This marked the first time that money fund assets surpassed $3 trillion since the week ended March 9, 2010, according to the Money Fund Report published by iMoneyNet.


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    puppydogs
    puppydogs
    5 years ago

    Brilliant…..Except yet they all missed out on the run up in equities over the past few weeks.